ACV Auctions Inc.
ACVA NYSE Services-Business Services, Nec Financials FY2019–FY2025
Revenue
Total sales reported in the income statement.
$760M
19.2%
vs prior year
Operating margin
Operating income as a share of revenue.
−8.3%
4.9 pts
Net income
Profit after all expenses, interest and tax.
−$66.1M
Free cash flow
Cash from operations minus capital spending.
$69.1M
13.6%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On −$0.37 EPS (TTM)
What ACV Auctions Inc. does
No business description yet.
- Legal name
- ACV Auctions Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 23, 2026
- Accession · CIK
- 0001637873-26-000011
0001637873
Revenue and margins
ACV Auctions Inc. had $760M of revenue in fiscal 2025, up 19.2% on the year before.
FY19
Revenue $107M
FY20
Revenue $208M
FY21
Revenue $358M
FY22
Revenue $422M
FY23
Revenue $481M
FY24
Revenue $637M
FY25
Revenue $760M
Q3 '23
Revenue $119M
Q4 '23
Revenue $118M
Q1 '24
Revenue $146M
Q2 '24
Revenue $161M
Q3 '24
Revenue $171M
Q4 '24
Revenue $160M
Q1 '25
Revenue $183M
Q2 '25
Revenue $194M
Q3 '25
Revenue $200M
Q4 '25
Revenue $184M
Q1 '26
Revenue $204M
Q2 '26
Revenue $214M
FY19
Gross —
Operating −74.2%
Net −72.3%
FCF −71.0%
FY20
Gross —
Operating −19.5%
Net −19.7%
FCF 3.3%
FY21
Gross —
Operating −21.4%
Net −21.8%
FCF 23.1%
FY22
Gross —
Operating −25.2%
Net −24.2%
FCF −18.6%
FY23
Gross —
Operating −18.6%
Net −15.6%
FCF −4.2%
FY24
Gross —
Operating −13.2%
Net −12.5%
FCF 9.6%
FY25
Gross —
Operating −8.3%
Net −8.7%
FCF 9.1%
Gross
Operating
Net
FCF
Q3 '23
Gross —
Operating −18.7%
Net −15.3%
FCF −12.9%
Q4 '23
Gross —
Operating −22.6%
Net −19.6%
FCF −23.1%
Q1 '24
Gross —
Operating −15.5%
Net −14.1%
FCF 28.8%
Q2 '24
Gross —
Operating −11.6%
Net −10.6%
FCF 1.7%
Q3 '24
Gross —
Operating −10.0%
Net −9.4%
FCF 11.8%
Q4 '24
Gross —
Operating −16.2%
Net −16.4%
FCF −2.5%
Q1 '25
Gross —
Operating −7.9%
Net −8.1%
FCF 35.7%
Q2 '25
Gross —
Operating −3.7%
Net −3.8%
FCF 5.6%
Q3 '25
Gross —
Operating −11.9%
Net −12.3%
FCF 3.8%
Q4 '25
Gross —
Operating −9.7%
Net −10.7%
FCF −8.0%
Q1 '26
Gross —
Operating −4.5%
Net −5.3%
FCF 36.6%
Q2 '26
Gross —
Operating −2.8%
Net −3.8%
FCF −18.1%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY19
Net income −$77.2M
FY20
Net income −$41.0M
FY21
Net income −$78.2M
FY22
Net income −$102M
FY23
Net income −$75.3M
FY24
Net income −$79.7M
FY25
Net income −$66.1M
Q3 '23
Net income −$18.2M
Q4 '23
Net income −$23.2M
Q1 '24
Net income −$20.5M
Q2 '24
Net income −$17.1M
Q3 '24
Net income −$16.0M
Q4 '24
Net income −$26.1M
Q1 '25
Net income −$14.8M
Q2 '25
Net income −$7.3M
Q3 '25
Net income −$24.5M
Q4 '25
Net income −$19.6M
Q1 '26
Net income −$10.9M
Q2 '26
Net income −$8.2M
FY19
Diluted EPS −$4.20
FY20
Diluted EPS −$1.90
FY21
Diluted EPS −$0.62
FY22
Diluted EPS −$0.65
FY23
Diluted EPS −$0.47
FY24
Diluted EPS −$0.48
FY25
Diluted EPS −$0.39
Q3 '23
Diluted EPS −$0.11
Q4 '23
Diluted EPS −$0.15
Q1 '24
Diluted EPS −$0.13
Q2 '24
Diluted EPS −$0.10
Q3 '24
Diluted EPS −$0.10
Q4 '24
Diluted EPS −$0.15
Q1 '25
Diluted EPS −$0.09
Q2 '25
Diluted EPS −$0.04
Q3 '25
Diluted EPS −$0.14
Q4 '25
Diluted EPS −$0.12
Q1 '26
Diluted EPS −$0.06
Q2 '26
Diluted EPS −$0.05
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY19
Return on capital —
Return on equity —
Return on assets —
FY20
Return on capital —
Return on equity —
Return on assets −10.1%
FY21
Return on capital —
Return on equity −37.6%
Return on assets −11.3%
FY22
Return on capital −29.9%
Return on equity −19.6%
Return on assets −10.8%
FY23
Return on capital —
Return on equity −16.0%
Return on assets −8.2%
FY24
Return on capital —
Return on equity −17.8%
Return on assets −8.4%
FY25
Return on capital —
Return on equity −15.2%
Return on assets −6.4%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $69.1M in fiscal 2025, 9.1% of revenue. Cash from operations minus capital spending.
FY19
Free cash flow −$75.8M
FY20
Free cash flow $6.9M
FY21
Free cash flow $82.7M
FY22
Free cash flow −$78.4M
FY23
Free cash flow −$20.2M
FY24
Free cash flow $60.9M
FY25
Free cash flow $69.1M
Q3 '23
Free cash flow −$15.4M
Q4 '23
Free cash flow −$27.3M
Q1 '24
Free cash flow $41.9M
Q2 '24
Free cash flow $2.7M
Q3 '24
Free cash flow $20.2M
Q4 '24
Free cash flow −$3.9M
Q1 '25
Free cash flow $65.3M
Q2 '25
Free cash flow $10.9M
Q3 '25
Free cash flow $7.7M
Q4 '25
Free cash flow −$14.7M
Q1 '26
Free cash flow $74.7M
Q2 '26
Free cash flow −$38.6M
FY19
Cash from operations −$72.5M
Capital spending $3.4M
FY20
Cash from operations $10.4M
Capital spending $3.5M
FY21
Cash from operations $85.3M
Capital spending $2.6M
FY22
Cash from operations −$75.2M
Capital spending $3.2M
FY23
Cash from operations −$17.9M
Capital spending $2.3M
FY24
Cash from operations $65.4M
Capital spending $4.5M
FY25
Cash from operations $78.2M
Capital spending $9.1M
Cash from operations
Capital spending
Q3 '23
Cash from operations −$14.7M
Capital spending $0.6M
Q4 '23
Cash from operations −$26.5M
Capital spending $0.8M
Q1 '24
Cash from operations $43.0M
Capital spending $1.1M
Q2 '24
Cash from operations $4.5M
Capital spending $1.8M
Q3 '24
Cash from operations $21.1M
Capital spending $1.0M
Q4 '24
Cash from operations −$3.2M
Capital spending $0.7M
Q1 '25
Cash from operations $66.6M
Capital spending $1.3M
Q2 '25
Cash from operations $13.7M
Capital spending $2.9M
Q3 '25
Cash from operations $10.3M
Capital spending $2.6M
Q4 '25
Cash from operations −$12.4M
Capital spending $2.3M
Q1 '26
Cash from operations $76.5M
Capital spending $1.8M
Q2 '26
Cash from operations −$35.5M
Capital spending $3.1M
Cash from operations
Capital spending
Dividends, buybacks and share count
ACV Auctions Inc. returned — to shareholders in fiscal 2025. The diluted share count rose 3.5%.
FY19
Dividends —
Buybacks —
FY20
Dividends —
Buybacks —
FY21
Dividends —
Buybacks —
FY22
Dividends —
Buybacks —
FY23
Dividends —
Buybacks —
FY24
Dividends —
Buybacks —
FY25
Dividends —
Buybacks —
Dividends
Buybacks
Q3 '23
Dividends —
Buybacks —
Q4 '23
Dividends —
Buybacks —
Q1 '24
Dividends —
Buybacks —
Q2 '24
Dividends —
Buybacks —
Q3 '24
Dividends —
Buybacks —
Q4 '24
Dividends —
Buybacks —
Q1 '25
Dividends —
Buybacks —
Q2 '25
Dividends —
Buybacks —
Q3 '25
Dividends —
Buybacks —
Q4 '25
Dividends —
Buybacks —
Q1 '26
Dividends —
Buybacks —
Q2 '26
Dividends —
Buybacks $50.0M
Dividends
Buybacks
FY19
Diluted shares 0.02B
FY20
Diluted shares 0.02B
FY21
Diluted shares 0.13B
FY22
Diluted shares 0.16B
FY23
Diluted shares 0.16B
FY24
Diluted shares 0.16B
FY25
Diluted shares 0.17B
Balance sheet
Cash, debt and the ratios that show how comfortably ACV Auctions Inc. can carry it.
FY19
Cash $182M
Debt —
FY20
Cash $234M
Debt $4.8M
FY21
Cash $566M
Debt $0.5M
FY22
Cash $281M
Debt $75.5M
FY23
Cash $411M
Debt —
FY24
Cash $270M
Debt —
FY25
Cash $271M
Debt —
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $566M | $281M | $411M | $270M | $271M |
| Debt incl. finance leases | $0.5M | $75.5M | — | — | — |
| Debt / equity | 0.0x | 0.2x | — | — | — |
| Interest coverage | −98.2x | −108.5x | −57.3x | −19.8x | −6.6x |
| Current ratio | 2.0x | 2.2x | 2.1x | 1.6x | 1.6x |
| Quick ratio | 2.0x | 2.2x | 2.1x | 1.6x | 1.6x |
| Total assets | $983M | $915M | $923M | $984M | $1.1B |
| Total liabilities | $427M | $429M | $466M | $544M | $656M |
| Shareholders' equity | $556M | $486M | $457M | $440M | $430M |
| Net debt (− = net cash) | −$565M | −$205M | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income is positive | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
| Cash from operations is positive | ✕ | ✓ | ✓ | ✕ | ✕ | ✓ | ✓ |
| Return on assets rose | — | — | ✓ | ✕ | ✓ | ✓ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | ✓ | ✕ | — | — | — |
| Current ratio rose | — | — | ✕ | ✓ | ✕ | ✕ | ✓ |
| Share count didn't rise | — | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
| Gross margin rose | — | — | — | — | — | — | — |
| Revenue rose relative to assets | — | — | ✕ | ✓ | ✓ | ✓ | ✓ |
| F-score | — / 3 | — / 4 | 4 / 8 | 3 / 8 | 3 / 7 | 4 / 7 | 5 / 7 |
| Accruals ratio | — | −12.7% | −23.6% | −2.8% | −6.2% | −15.2% | −14.0% |
| Altman Z'' | — | 0.20 | 2.93 | 2.09 | 1.53 | 0.02 | 0.12 |
7 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $107M | $208M | $358M | $422M | $481M | $637M | $760M |
| Operating income | −$79.3M | −$40.6M | −$76.8M | −$106M | −$89.7M | −$84.1M | −$63.2M |
| Interest expense | $0.0M | $0.6M | $0.8M | $1.0M | $1.6M | $4.2M | $9.6M |
| Pretax income | −$77.2M | −$40.5M | −$77.5M | −$102M | −$74.7M | −$79.0M | −$64.8M |
| Income tax | $0.0M | $0.5M | $0.7M | $0.1M | $0.5M | $0.7M | $1.3M |
| Net income | −$77.2M | −$41.0M | −$78.2M | −$102M | −$75.3M | −$79.7M | −$66.1M |
| Net income to common | −$77.2M | −$41.0M | — | — | — | — | — |
| Diluted EPS | −$4.20 | −$1.90 | −$0.62 | −$0.65 | −$0.47 | −$0.48 | −$0.39 |
| Diluted shares | 0.02B | 0.02B | 0.13B | 0.16B | 0.16B | 0.16B | 0.17B |
| Cash flow | |||||||
| Cash from operations | −$72.5M | $10.4M | $85.3M | −$75.2M | −$17.9M | $65.4M | $78.2M |
| Capital expenditure | $3.4M | $3.5M | $2.6M | $3.2M | $2.3M | $4.5M | $9.1M |
| Free cash flow | −$75.8M | $6.9M | $82.7M | −$78.4M | −$20.2M | $60.9M | $69.1M |
| Depreciation and amortization | $1.8M | $7.2M | $8.8M | $11.4M | $19.3M | $36.8M | $43.7M |
| Stock-based compensation | $1.0M | $5.7M | $23.2M | $39.3M | $49.6M | $68.0M | $56.9M |
| Acquisitions | $14.8M | $5.5M | $64.5M | $18.9M | $29.6M | $156M | $0.0M |
| Balance sheet | |||||||
| Cash and short-term investments | $182M | $234M | $566M | $281M | $411M | $270M | $271M |
| Total debt | — | $4.8M | $0.5M | $75.5M | — | — | — |
| Current assets | — | $354M | $857M | $755M | $707M | $593M | $674M |
| Current liabilities | — | $167M | $423M | $348M | $334M | $381M | $421M |
| Property and equipment, net | — | $4.9M | $4.9M | $5.7M | $4.9M | $7.6M | $12.9M |
| Goodwill | $16.1M | $21.8M | $78.8M | $91.8M | $103M | $180M | $184M |
| Intangible assets | — | $11.5M | $18.1M | $19.3M | $34.2M | $90.8M | $81.0M |
| Total assets | — | $405M | $983M | $915M | $923M | $984M | $1.1B |
| Total liabilities | — | $178M | $427M | $429M | $466M | $544M | $656M |
| Preferred stock | — | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | −$106M | −$140M | $556M | $486M | $457M | $440M | $430M |
| Margins | |||||||
| Operating margin | −74.2% | −19.5% | −21.4% | −25.2% | −18.6% | −13.2% | −8.3% |
| EBITDA margin | −72.5% | −16.0% | −19.0% | −22.5% | −14.6% | −7.4% | −2.6% |
| Net margin | −72.3% | −19.7% | −21.8% | −24.2% | −15.6% | −12.5% | −8.7% |
| FCF margin | −71.0% | 3.3% | 23.1% | −18.6% | −4.2% | 9.6% | 9.1% |
| Returns | |||||||
| Return on capital | — | — | — | −29.9% | — | — | — |
| Return on capital employed | — | −17.1% | −13.7% | −18.7% | −15.2% | −13.9% | −9.5% |
| Return on equity | — | — | −37.6% | −19.6% | −16.0% | −17.8% | −15.2% |
| Return on assets | — | −10.1% | −11.3% | −10.8% | −8.2% | −8.4% | −6.4% |
| Return on tangible equity | — | — | −17.0% | −27.3% | −23.6% | −47.2% | −40.1% |
| Growth | |||||||
| Revenue growth | — | 95.0% | 72.0% | 17.6% | 14.2% | 32.4% | 19.2% |
| FCF growth | — | — | 1,105.0% | −194.8% | — | — | 13.6% |
| Share count change | — | 17.6% | 480.3% | 25.3% | 1.9% | 3.1% | 3.5% |
| Financial health | |||||||
| Debt / equity | — | — | 0.0x | 0.2x | — | — | — |
| Interest coverage | — | −64.2x | −98.2x | −108.5x | −57.3x | −19.8x | −6.6x |
| Current ratio | — | 2.1x | 2.0x | 2.2x | 2.1x | 1.6x | 1.6x |
| Quick ratio | — | 2.1x | 2.0x | 2.2x | 2.1x | 1.6x | 1.6x |
| Capital allocation | |||||||
| Capex / revenue | 3.2% | 1.7% | 0.7% | 0.8% | 0.5% | 0.7% | 1.2% |
| Stock comp / revenue | 0.9% | 2.7% | 6.5% | 9.3% | 10.3% | 10.7% | 7.5% |
| Quality scores | |||||||
| Piotroski F-score | — | — | 4.0 | 3.0 | 3.0 | 4.0 | 5.0 |
| Altman Z'' | — | 0.2 | 2.9 | 2.1 | 1.5 | 0.0 | 0.1 |
| Accruals ratio | — | −12.7% | −23.6% | −2.8% | −6.2% | −15.2% | −14.0% |
Source: SEC EDGAR XBRL filings (CIK 0001637873). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.